Chile's central bank cut its monetary policy rate for the third time and said it assumes "a further monetary boost is needed" to ensure inflation converges towards its target as recent events, which include violent protests against price hikes and a state of emergency, will affect economic activity. The Central Bank of Chile's board unanimously cut its monetary policy rate by a further 25 basis points to 1.75 percent and has now lowered it by 125 points following cuts in June and September. The cut in June followed a 25-point rate hike in January so the net reduction in the policy rate this year is 100 points. ... (full story)